Registered Number 02344403
BEFIT ASSURED TENANCY LIMITED
Abbreviated Accounts
31 March 2016
Notes | 2016 | 2015 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
|
|
Investments | 3 |
|
|
|
|
||
Current assets | |||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
|
|
|
Total assets less current liabilities |
|
|
|
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital |
|
|
|
Revaluation reserve |
|
|
|
Profit and loss account |
|
|
|
Shareholders' funds |
|
|
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Tangible assets depreciation policy
No depreciation is provided in respect of long leasehold investment properties.
This treatment as regards the Company's investment properties may be a departure from the requirements of the Companies Act concerning depreciation of fixed assets.
However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate.
The accounting policy adopted is therefore necessary for the accounts to give a true and fair view.
Intangible assets amortisation policy
incorporated in the UK. Hockwood Limited, which owns the residential freehold interest, provides
property related services to the leaseholders. Hockwood Limited has remained dormant throughout
the year. Hockwood had net assets of £7 as at 31 March 2016.This has remained unchanged
since date of incorporation.
Valuation information and policy
In this case, the directors have taken a prudent view and valued the properties at current market value due to the uncertainty over potential costs associated with obtaining vacant possession.
The accounting policy adopted is therefore necessary for the accounts to give a true and fair view.
£ | |
---|---|
Cost | |
At 1 April 2015 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 March 2016 |
|
Depreciation | |
At 1 April 2015 |
|
Charge for the year |
|
On disposals |
|
At 31 March 2016 |
|
Net book values | |
At 31 March 2016 | 1,487,804 |
At 31 March 2015 | 1,482,103 |
leasehold properties were valued by the directors on an open market basis with vacant
possession as at 31 March 2014. The properties have been stated at current market value.
3
Fixed assets Investments
incorporated in the UK. Hockwood Limited, which owns the residential freehold interest, provides
property related services to the leaseholders. Hockwood Limited has remained dormant throughout
the year. Hockwood had net assets of £7 as at 31 March 2016. This has remained unchanged
since date of incorporation.